gamblor your estimate is on the nose - ridiculously small KXL market value, 15 different factors to push it up.

Very kind everyone's posts today - I figured you're conspiring to see if my head will get too fat and I can't get through doors anymore. But thanks. It's the people on this board that keep my 'stock market sanity', and I'd agree that the KXL board is unusually good. I'd be terrified to be called a Promoter (yikes!), but "cedar lane" I like the sound of. Funny you should mention it, Stephen Roach is setting up to drill in a vast frozen cedar swamp in West Geraldton a km or two east of the BMW zone as we speak, hmm.

Just got back this minute from both Vancouver mining shows - Cambridge at the Hyatt and Fairmont, and Roundup2010/CoreShack at the Bayshore, which runs for another 3 days. Both crowded and good energy. Brian gave a great one hour talk today at the Fairmont with tons of great questions afterwards that stretched it way over time - a hello to 'Slapshot' and 'Sisu' + friends who were in attendance.

I am overwhelmed - so much information. The positive aspect and sense of it all is also overwhelming. Our stock at $5.05 got way too high, and then at 45 cents way too low - the slingshot rubber band is tight right now.

The four main prospects being drilled now all look really good. West Millienium - as Keith pointed out, it's only within 50 meters of the uranium mega-deposits that you get 0.10%+ U2O3 and over 1000 counts per second - you could search 10,000 square miles for a long time and not get that close. The geophysical imaging he used is extremely precise i.e. to 1 meter, and helping to nail it down. Milestone - a solid, simple geometry and kms of strike, open pit potential. West Geraldton - high grade, kms of strike, historical mines, previously mostly untested (before Kodiak) and being drilled now. Hercules - solid ounces to make the market happy with a 43-101, and now I understand why drill Golden Pond. The geological picture is now gelling and two major corridors intersect under Golden Pond. Further than Golden Pond going north-west and you eventually get onto Sage's land and you're beyond the major fault zone, back into just iron, and as for gold, not much. But Kodiak's intersection is a great prospect, just where you want to be.

Lots of questions everyone posed, some tough ones too - fair enough - e.g. everyone hates share dilution (credit to Slapshot, among others of his). Answer yes - they know - the solution is to hit gold and uranium, quite frankly. Sisu and friends asked many q's including - where would the ramp go, and then what happens? Answer - need a stable portal starting from point of relief in the landscape, so probably south of G. Pond and down, with a hooking turn to get more good ore, demonstrate how much gold you can actually get out efficiently, and also to establish underground drilling galleries to make expanding the initial 43-101 Resource Estimate cheaper. After 43-101 - a pre-feasibility - something more to look forward to and build credibility. Add up how the BG gold camp is shaping up with how Kodiak is looking, with Premier Gold (whose talk I went to as well, and then talked with their VP exploration for an hour) plus Brookbank et al and quickly you have millions of ounces - when we get there, but the gold camp is looking like that direction.

Lots of news to come out - should get a flurry vs. the lean days a year ago. Brian pointed out that there were a half dozen (I counted just now - there were ten "real" NR's from November 18 onwards) in the last 2 months, so it's happening.

Six veins will go into the data hopper for the 43-101. Statistics exclude hits that aren't close enough to others mathematically. Those can be paired up later to re-include good hits that are too alone. Hercules big "ball" geophysical map now understood - the veins we know, big patch of gold on east side (GM etc.), middle is iron-rich but gold-poor, and west side, completely undrilled, looks just like the east side and will be explored.

Premier has another find at the old Little Longlac that they will pursue after dealing with the Hardrock, which is continuing at depth. They expect to announce their 43-101 on the Hardrock in February. They may announce the open pittable resource first, at the top, and the hardrock resource underneath it next.

I covered a lot of ground today and talked to a lot people (some in connection with the other jigsaw puzzle I'm working on, http://tinyurl.com/ydxwjqr as you know), and the BG gold camp is something the other players are aware of and take a lot of interest in. The general comment I got about Kodiak's position is that it was just waiting to happen - the BG gold camp just awaited sufficient attention.

By the way, I bet few people knew that Michael Pettersson in IR is a Bio-Geo-Physicist with a Masters degree from Lund University in Sweden and a strong background in geophysical imaging (I didn't know that). For example check out his writeup on page 67 onwards of http://aris.empr.gov.bc.ca/ArisReports/30089.PDF entitled "Physical Report for Anglo Canadian Uranium Corp. - 3D Induced Polarization and Magnetic Survey on the Princeton Project"

Apart from being smart Pettersson (sorry I spelled it wrong last time) actually knows the Kodiak story and current events in great detail, which is just completely different from IR at a lot of firms. He is not only happily answering all our questions but also doing some technical inquiries and finished the recent Gemcom drillhole & resource modelling course with a bunch of the Kodiak geos two weeks ago - Kodiak now has a raft of its own Gemcom seats which really shortens the data modelling loop - focusses drilling in real time. More of Kodiak being professional.

I have tons more notes if I can untangle my scribble (a highly fraught exercise - handwriting for me is like spelling is for a dyslexic) and would like to post more. But the bottom line is that the grey cloud and bit of tension that the Kodiak team had to endure for so long is gone and they are really pumped.